
Wednesday, December 9, 2009
5 MINUTE DECEMBER DOLLAR CHART (delayed prices)
GOLD IS TRADING IN A $10 TRADING RANGE TODAY

STOCKS FELL, RALLIED AND ARE NOW PULLING BACK
EURO TOO
OIL SIMILAR BUT NOT AS VOLATILE
THE 'W' PATTERN YOU SEE AT THE RIGHT OF THE TRADING
PATTERN USUALLY RUNS UP THE RIGHT LEG OF THE 'W'
MUCH HIGHER. BUT SOMETIMES DOESN'T GO ANY FURTHER.
GOLD WILL PROBABLY PULL BACK NOW AND COULD MOVE
MUCH HIGHER, BUT I'M NOT TOTALLY UP TO SPEED YET.
GT HAS BEEN OCCUPIED WITH HIS OWN TRADING AND TALKING TO MY BROKERS
8:00AM PST
SORRY FOR BEING ABSENT IN THIS WILD MARKET,
BUT I AM WORKING MY WAY OUT OF A MESS I GOT MYSELF
INTO AND HAVE BEEN TALKING TO MY TRADING DESK
TO SEE HOW TO DO IT.
IF I'M NOT POSTING I'M EITHER SLEEPING, SHOPPING,
OR TALKING BUSINESS WITH SOMEONE LIKE TODAY.
NOW BACK TO THE MARKET
SORRY FOR BEING ABSENT IN THIS WILD MARKET,
BUT I AM WORKING MY WAY OUT OF A MESS I GOT MYSELF
INTO AND HAVE BEEN TALKING TO MY TRADING DESK
TO SEE HOW TO DO IT.
IF I'M NOT POSTING I'M EITHER SLEEPING, SHOPPING,
OR TALKING BUSINESS WITH SOMEONE LIKE TODAY.
NOW BACK TO THE MARKET
5 MINUTE DECEMBER DOLLAR CHART (delayed prices)
BONDS DROPPING, STOCKS, EURO, OIL ALL MOVING BACK UP STRONGLY
GOLD PULLS A FAKE OUT AND FALLS ON THE OPEN
STOCKS TURNING DOWN, EURO UP BUT CONSOLIDATING, COULD MOVE HIGHER, MARKETS ARE CONFUSING MOVING IN CONFLICTING DIRECTIONS
TIME ONLY FOR TEXT POSTING FOR AWHILE
GOLD IS PRESSING UP UNDER THE TOP LINE OF THIS RED DOWNTREND CHANNEL AND COULD BREAK OUT HIGHER, BUT THIS CLOSE TO THE CRIMEX OPEN? PROBABLY NOT
4:12am pst 5 MINUTE MARCH 2010 EURO CHART (delayed prices)
3:49AM PST GOLD LOOKING LIKE IT'S GOING DOWN AHEAD OF THE CRIMEX OPEN

NEW RED DOWN FLAG DRAWN

GOLD MOVED UP OUT OF THE RED DOWN FLAG
BUT ONLY TO THE 1ST RETRACE POINT AND NOW
IS TURNING DOWN. THIS FORMS A NEW RED DOWN
FLAG (see top chart) WHICH GOLD WILL PROBABLY NOT BREAK
UP OUT OF THIS CLOSE TO THE CRIMEX OPEN
AS THE SHORTS ARE ALREADY AT WORK PUTTING
SELLING PRESSURE ON GOLD AHEAD OF CRIMEX
3:20AM PST GOLD PULLS BACK AFTER A GOOD RUNUP, COULD MOVE LOWER AS WE APPROACH THE CRIMEX OPEN
Tuesday, December 8, 2009
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